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US 10YR FUTURE TECHS: (U4) Trend Needle Points North

US 10YR FUTURE TECHS
  • RES 4: 115-30+ 2.764 proj of the Apr 25 - May 16 - 29 price swing 
  • RES 3: 115-17   2.618 proj of the Apr 25 - May 16 - 29 price swing
  • RES 2: 115-03+ High Aug 5 and the bull trigger 
  • RES 1: 114-03/114-16 High Aug 6 / 76.4% of the Aug 5 - 8 pullback
  • PRICE:‌‌ 113-19+ @ 16:39 BST Aug 28
  • SUP 1: 113-02   20-day EMA   
  • SUP 2: 112-01   50-day EMA 
  • SUP 3: 111-06+ Low Jul 29    
  • SUP 4: 110-18+ Low Jul 22 

A bullish theme in Treasuries remains intact with support intact for now. Note that moving average studies are in a bull-mode position and this highlights positive market sentiment. The recent breach of 111-01, the Jun 14 high, confirmed a resumption of the uptrend, maintaining the price sequence of higher highs and higher lows. Sights are on 115-17, a Fibonacci projection. Support to watch is 113-00+, the 20-day EMA.   

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